Louisville, KY Diminished Value Appraiser

Louisville, Kentucky Auto Diminished Value Appraisals

The St. Lucie Appraisal Company provides independent auto diminished value appraisals for vehicle owners in Louisville and throughout Kentucky.


Our certified appraisers serve Louisville, nearby cities, and all ZIP Codes listed below.

Independent diminished value appraisal for a Range Rover in Louisville, KY

Each week we report on real-world auto diminished value claims and case studies. In this example, we completed a
diminished value appraisal on a Land Rover Range Rover Autobiography with 32,828 miles that was involved in a
rear-end collision in Louisville, Kentucky. The repair cost was $1,758.92.

The vehicle was not disabled or towed, had no structural damage, and no air bag deployment. The owner presented a
third-party inherent diminished value claim for the vehicle’s loss in value after repairs.

Once a car is repaired after a collision, it is worth less—often much less depending on the severity of the damage.
Regardless of how well the repair facility performs the work, buyers will not pay as much for a previously wrecked vehicle
as they would for an identical one with a clean accident history. Presenting a diminished value claim and following it
through to a satisfactory conclusion is challenging for the average person. Obtaining a comprehensive
Diminished Value Report is key.

What Kentucky Land Rover dealers say about diminished value

We obtained opinions from sales managers at Land Rover dealers in Kentucky and surrounding states. Their feedback confirms
that once an accident is reported to Carfax, you can expect to lose 10–20% of value, depending on the dealer.

When the next buyer sees an accident report, they will want to pay less. Dealers must sell the vehicle for less, so they
cannot offer full trade-in value. Even for a minor accident on a vehicle that is a few years old, the car will still lose
value—often around 15% at most, especially if the vehicle was repaired at a reputable shop and looks good.
Generally, Range Rovers hold their value well, which makes diminished value more measurable.

How we calculate diminished value using real dealer quotes

The opinions of unbiased experts form the basis for our comprehensive Auto Diminished Value Appraisal. We obtain
six dealer quotes, which puts the diminished value figure prepared by The St. Lucie Appraisal Company
squarely in the real-world ballpark. This reflects what the car owner will actually experience in the marketplace.

Dealers providing opinions regarding diminished value were given detailed information specific to this vehicle, including:
year, make, model, mileage, color, options, other pertinent equipment, date of loss, the nature of the repaired damages,
and the manner in which the vehicle was repaired. Dealer opinions are based on personal knowledge and access to auction
results. Dealers were advised that this vehicle was properly repaired.

Fair Market Value, damage description, and diminished value results

Description of damage: Non-disabling collision damage to the rear with no damage to structural components
and no air bag deployment. Repair cost: $1,758.92. LKQ (used) and/or aftermarket parts were not utilized in
the repair and were not factored into the diminished value.

The average of six (6) dealer deductions was 11.25%. This is the percentage of diminished value to be taken
from the Fair Market Value (FMV) at the time of loss.

We established that the above-captioned vehicle had a Fair Market Value (average trade-in value) of approximately
$62,000.00 at the time of loss. The calculated Diminished Value was
$7,031.25.

This is an Open Education resource focused on auto diminished value, collective knowledge, and the sharing of scholarly
content. AUTODIMINISHEDVALUE.COM and TOTALLOSSDISPUTE.COM are services of
The St. Lucie Appraisal Company.

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